Latest Posts

Home

Facebook

Twitter

Search
About

Florida Is Recruiting Minnesota’s Citizens

One of our friends who spends time in Florida received this invitation to a seminar on the advantages of Florida residency over Minnesota. Click to enlarge:

A few points to note:

* The event will take place in Naples, which has long been known as the Winter home of many Minnesotans.
* The speaker will explain how to change one’s legal residence from Minnesota to Florida. Many people have a choice as to what state they want to select as their residence for tax purposes.
* Considerations to be discussed include income, estate and property taxes. Florida does not have an income tax, while Minnesota has one of the highest income taxes in the country. Florida does not have an estate tax, while Minnesota has one of the highest estate taxes in the country.
* Seminars of this sort are offered by major banking organizations like BMO Harris Bank because there is demand for them. Many people are interested in switching their residence from Minnesota to Florida and other states.

The most notable work that has been done on Minnesota’s income migration problem is the Center’s 2016 study, Minnesotans on the Move to Lower Tax States 2016. That report documented the fact that every year, Minnesota suffers a net loss of residents to other states, almost exclusively, on a net basis, to lower-tax states. While attention tends to focus on the exodus of higher-income taxpayers from Minnesota, the Center’s report documents the fact that Minnesota suffers a net out-migration at every household income level from $25,000 on up. Only relatively poor households choose Minnesota, on net, over other states.

This is a huge problem, about which most of our politicians have been far too complacent.

Comments

Subscribe

Categories

Upcoming Events

  • Why I Took the Red Pill: My Journey to Conservatism with Candace Owens

    Location: Minneapolis Marriott City Center 30 South 7th Street, Minneapolis, MN 55402

    Please join Center of the American Experiment on Tuesday, May 8th at the Marriott Hotel for a lunch forum with Candace Owens as she discusses her path to conservatism and encourages young people to have their own “red pill” moment. Candace Owens is the Director of Urban Engagement for Turning Point USA. She considers its mission critical to win back Universities, which have become a breeding ground for indoctrination. Owens exploded onto the scene in the summer of 2017, gaining notoriety through her political vlog series. Prior to her entrepreneurial pursuits, Owens worked 4 years at a private equity firm…

    Register Now
  • The Future Can’t Wait

    Location: DoubleTree Park Place 1500 Park Place Blvd, Minneapolis, MN 55416

    Please join Center of the American Experiment for a “must attend” forum on how to solve Minnesota’s workforce development crisis. The forum will feature Kyle Hartung of Boston-based Jobs for the Future in a presentation entitled, “The Future Can’t Wait: The Imperative of Industry/Education Partnerships to Meet the Needs of the Future Workforce.” Kyle will describe the vision behind the dual-training, work-based learning approach to building the talent pipeline, and highlight successful examples around the nation of where these innovative initiatives are actually moving the needle on workforce development. Progress on this front is vital for Minnesota’s future. Join us for a powerful…

    Register Now